Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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LG spurs expansion of OLED TV market with new sizes
LG Electronics, the world’s leading manufacturer of organic light-emitting diode TVs, is continuing to expand the market of self-emissive TVs by rolling out new size choices. The company is releasing in Korea and the US this month 83-inch OLED TVs, which it said will be the biggest 4K OLED TV in the world. In Korea, the new model will be available for 10.9 million won ($9,600). It is the latest addition to LG’s OLED TV lineup, which has consisted of 48 inches, 55 inches, 65 inc
June 20, 2021
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DataStreams recognized for contributions to big data industry
DataStreams, a local big data solutions provider, has been recognized for its contributions to the development of the local big data industry by the Korea Society of Management Information Systems, the Seoul-based tech firm said Sunday. It has been chosen as the recipient of the 10th KMIS award, which recognizes and honors an outstanding corporation in information technology. DataStreams, with its persistent focus on research and development, has churned out a stream of innovative products an
June 20, 2021
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Watching ‘meokbang’ can lead to health issues such as obesity: report
“Meokbang” (also known as “mukbang”), a compound word for “eating” and “broadcast” in Korean, is a popular form of content found on video platforms such as Youtube, AfreecaTV, Twitch, and Kakao TV. Meokbang streamers show themselves consuming large platefuls of junk food while simultaneously interacting with viewers. Along with the rise of one-person households in the country, people have gotten in the habit of watching meokbang while eating alon
June 19, 2021
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Celltrion's COVID-19 treatment shows promise in variant cure
South Korean biopharmaceutical company Celltrion’s monoclonal antibody treatment Regkirona, or CT-P59, has shown initial promise in treating patients infected with COVID-19 variants, the company said Friday, quoting preclinical results from its recent animal test. Celltrion said it found that the injection of its COVID-19 treatment Regkirona significantly reduced viral titers in 50 experimental mice infected with the South African variant. The mice injected with Regkirona showed a 100 p
June 18, 2021
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S. Korea to develop over 100 mini satellites by 2031
South Korea said Friday it will develop over 100 miniature satellites over the next decade with the aim of establishing a national security monitoring system and testing next generation network communications in its latest push to strengthen its space industry. The Ministry of Science and ICT said it would pursue such satellite development to encourage the private sector's involvement in the space industry as the mini satellites can be manufactured in a short amount of time at a relatively low
June 18, 2021
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Korea revokes approvals for 1,700 communication equipment, devices
South Korea’s Ministry of Science and ICT said Thursday it has revoked approvals for around 1,700 pieces of network equipment and communications devices manufactured by a nearly 400 companies, including China’s Huawei and Korea’s Samsung Electronics. The decision affected a total of 1,696 pieces of equipment from 378 companies that were found to have test records certified by an entity not approved by the Korean government. Under the country’s radio wave law, communi
June 17, 2021
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KT invests W23.6b in country’s largest enterprise fintech firm
KT, the second largest telecom business in South Korea, is moving to expand its presence in the financial sector by making an investment in a local fintech firm, the carrier said Thursday. The mobile carrier signed a deal to invest a total of 23.6 billion won ($20.8 million) in WebCash Group that owns WebCash, BizPlay and Roum IT, as part of forming a strategic partnership with the financial IT platform group for enterprises. It is KT’s second investment made in a financial firm afte
June 17, 2021
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Local pharma to begin phase 2 clinical trial for Lou Gehrig’s disease therapy
The Ministry of Food and Drug Safety has granted approval for a phase 2a clinical trial of Engensis, an investigational gene therapy for treating amyotrophic lateral sclerosis, also known as Lou Gehrig’s disease, under development by South Korean biotechnology company Helixmith, the company said Thursday. Engensis is a gene therapy that utilizes a plasmid, a small circular DNA molecule, to provide the hepatocyte growth factor gene to patients’ nerve and nerve-supporting cells, whi
June 17, 2021
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Kakao to launch new subscription-based content platform in August
Kakao, the nation’s largest mobile messenger operator, is preparing to launch a new subscription-based content platform in August, according to the company on Thursday. The company is currently running a closed beta test of the new platform among its content partners, it said. The platform will allow producers to create, edit and publish various forms of content including news, videos, music and texts. Users can choose the content they want and subscribe via KakaoTa
June 17, 2021
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Cha Vaccine Institute to begin clinical study of hepatitis B third-generation vaccine
South Korean biotechnology company Cha Biotech has received approval from the Ministry of Food and Drug Safety for its plan to conduct a phase 1 clinical trial of a hepatitis B third-generation vaccine, the firm said Thursday. Following the green light, Cha Vaccine Institute, the firm’s vaccine development subsidiary, will begin administrating the vaccine candidate to adults between the ages of 19-65, aiming to complete the study by October 2023. The hepatitis B vaccine candidate is dev
June 17, 2021
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KT to invest W23.6b in fintech Webcash Group
KT Corp., a major South Korean telecom operator, said Thursday it will invest a total of 23.6 billion won ($20.9 million) in three companies under the fintech-focused Webcash Group in a move to strengthen its foothold in financial services. A KT spokesperson said the company will invest 14.4 billion won in Webcash, which operates Kyungrinara, a bookkeeping solution for small businesses, and a combined 9.2 billion won in bizplay, a business expense management platform operator, and Roumit, also
June 17, 2021
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The ‘impossible’ race for leftover vaccines
In South Korea, real-time information on leftover COVID-19 vaccines is available to everyone on the country’s No. 1 portal Naver and No. 1 messenger app KakaoTalk. Thanks to the easy access and people’s zeal to get vaccinated early, the no-show vaccine slots have become nearly impossible to grab, many Koreans complain. “I was able to find a local hospital in Suwon with six does of AstraZeneca this morning on the reservation system on KakaoTalk. I hesitated for about one s
June 16, 2021
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LG Display readies new offensive with innovative OLED solutions
Poised for a turnaround after years of restructuring efforts, LG Display is rolling out new innovative OLED products, including transparent panels. The world’s largest provider of organic light-emitting diode display panels said Wednesday it will be taking part in the Korea Railways & Logistics Fair 2021 that kicked off a three-day run on Wednesday in Busan to showcase its transparent OLED technology. Transparent OLED panels are what the company believes could be a new cash cow in
June 16, 2021
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Samsung Display labor union set to go on 1st-ever strike next week
The labor union of major display maker Samsung Display Co. said Wednesday its union leadership plans to go on strike next week, as the union and the management failed to narrow differences in wage talks, marking the first-ever walkout for the company and any Samsung Group affiliate. The labor union said its six officials will first stage a walkout on Monday and will encourage more members to join the move. It will be the first strike for any Samsung affiliate since Samsung Electronics Vice Cha
June 16, 2021
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KT tests 5G-based autonomous cruise ship
KT Corp., a South Korean telecom giant, said Wednesday it has tested an autonomous cruise ship being remotely controlled hundreds of kilometers away on its high-speed 5G network. The telecom operator said a 12-person cruise ship navigated through the narrow 10-kilometer Pohang Canal in the port city, 302 kilometers southeast of Seoul, without a captain on board and with it being controlled from its offices in Gwacheon, just south of the capital. KT said it partnered with Avikus Corp., an auton
June 16, 2021
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[Herald Interview] South Korean researchers first to discover cause of rare hearing loss
South Korean researchers became the world’s first to discover a gene variant that causes a rare type of hearing impairment whose origins had so far remained unknown. The newly identified gene will help doctors better treat patients with auditory neuropathy spectrum disorder, or ANSD, and to find out if their condition can be improved through surgery, according to Dr. Choi Byung-yoon, Seoul National University Bundang Hospital’s otorhinolaryngology professor who led the research.
June 15, 2021
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SKT unveils world’s 1st keycard combined with quantum, biometrics tech
SK Telecom said Tuesday it has launched the world’s first keycard applied with both quantum technology and biometric identification technology. Together with Switzerland-based quantum safety solutions firm ID Quantique and a local biometric identification startup Octatco, SKT co-developed the “EzQuant” keycard equipped with a quantum random number generator. “EzQuant combines QRNG technology with FIDO-based fingerprint certification keycard,” a company officia
June 15, 2021
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Samsung releases new multi-chip package for 5G smartphones
Samsung Electronics Co. on Tuesday released a new multi-chip package (MCP) memory product for use in 5G smartphones as the South Korean tech giant tries to better target the fast-growing handset market. The world's largest memory chip producer said it has begun mass-producing low-power double data rate 5 (LPDDR5) universal flash storage (UFS) MCP that integrates high-performance DRAM and NAND flash memory chips in a single compact package. The latest MCP comes with Samsung's LPDDR5 mobile DR
June 15, 2021
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LG Uplus launches AI call center biz
LG Uplus Corp., a major South Korean mobile carrier, said Tuesday it has joined hands with IT affiliate LG CNS Co. to develop call center services that use artificial intelligence (AI) technology. The service incorporates AI technology, such as speech recognition and synthesis as well as natural language processing, to respond to user questions and requests and can replace simple, repetitive tasks handled by call center agents. LG Uplus said it has accumulated the technology through its automa
June 15, 2021
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Samsung likely to unveil new foldable smartphones in August
Samsung Electronics Co. is likely to unveil its new foldable smartphone in August, industry insiders said Tuesday, amid its push to popularize the foldable category. The South Korean tech giant is expected to hold its Galaxy Unpacked online event in early August to introduce the Galaxy Z Fold3 and the Galaxy Z Flip3 before officially launching those products later that month, according to the sources. Foreign tech reviewers have predicted that the event may take place on Aug. 3, but the sour
June 15, 2021